Truworths | |
Type: | Public company |
Location City: | Cape Town |
Location Country: | South Africa |
Locations: | 777 |
Key People: | Michael Mark (CEO) Hilton Saven (Chairman)[1] |
Area Served: | Africa |
Industry: | Clothing |
Revenue: | R18.2 billion (2016) |
Operating Income: | R4.1 billion (2016) |
Net Income: | R2.8 billion (2016) |
Assets: | R17 billion (2016) |
Equity: | R8.6 billion (2016) |
Num Employees: | 11,698 |
Subsid: | Office Holdings |
Truworths is a Cape Town-based, South African clothing retailer, with 728 stores in South Africa, and 49 elsewhere in Africa.[2]
Founded as The Alliance Trading Company in 1917, Truworths sells clothing under a number of different brands, including Truworths Man, UZZI, and LTD,[3] employs over 11,000 people, and generates over R18 billion in annual revenue.[1]
In December 2015, Truworths acquired the UK shoe chain Office Holdings for £256 million.[4]